ISLAMABAD (APP) - The immediate challenge to Pakistans economic stability has been overcome with the help of an International Monetary Fund (IMF) - backed stabilization programme, said a Fact Sheet of Asian Development Bank (ADB) issued here on Thursday. Stabilizing macroecon-omic fundamentals in view of the recent weakening of some indicators, implementing a second generation of reforms, addressing the infrastructure deficit, and improving implementation of development projects are the key challenges to the Government going forward, the ADB added. It said that Pakistan is an important partner of the Asian Development Bank (ADB) in its pursuit of fighting poverty in Asia. The Asian Development Bank Facts sheet said that over the years, Pakistan has undertaken important economic and governance reforms that resulted in steady economic growth, allowing it to boost spending on poverty reduction programs. Recently, however, it said that the global economic recession that followed a rapid increase in prices of food and other commodities worldwide, coupled with an array of domestic challenges, have impacted Pakistans economic outlook negatively. The immediate challenge to Pakistans economic stability has been overcome with the help of an International Monetary Fund (IMF)-backed stabilization programme, the ADB added. It added that Pakistans poverty reduction strategy is encompassed in the Poverty Reduction Strategy Paper (PRSP) and the Medium-Term Development Framework for 2005-2010.